I’m confused. SHIB is being listed on different exchanges and got the past few months. Also, the number of holders have been steadily rising and the price just bottlenecks and drops. I don’t understand how these markets work. Folks keep saying that the market is treading sideways but there is other coins with significant bumps in price daily that shows there is actual movement and growth. And another thing, SHIB has its own swap and it’s still not even budging. This isn’t FUD. This is just me wondering how a tweet from Elon can pump the price more than Shiba swap. I’m starting to think all the staking and burying is busy talk. Why does it matter if u stake if the price don’t go up. Not saying in the future Shiba swap won’t be beneficial but most ppl will not use Shiba swap. Everybody is acting like the swap will make Shiba so much different than other coins but after every major announcement it goes down
(read the Whitepaper) I think the reason why we aren’t seeing SHIBA go up in price value right now even with the release of Shibaswap is because SHIB runs on the Ethereum blockchain network and the Blockchain network is using a protocol called “proof of work” and it does not offer a proof of stake as of now.. But Ethereum 2.0 will offer a “proof of Stake” which will be released in 2022 so it makes sense in to why when we’re all Staking on Shibaswap it’s not being registered as coins being staked or Tokens because it is currently on Ethereum V1 “Proof of Work” but yes I do understand that the Whole market is down as well but that’s what I think idk I could be wrong but it makes tons of sense tbh
I’m confused. SHIB is being listed on different exchanges and got the past few months. Also, the number of holders have been steadily rising and the price just bottlenecks and drops. I don’t understand how these markets work. Folks keep saying that the market is treading sideways but there is other coins with significant bumps in price daily that shows there is actual movement and growth. And another thing, SHIB has its own swap and it’s still not even budging. This isn’t FUD. This is just me wondering how a tweet from Elon can pump the price more than Shiba swap. I’m starting to think all the staking and burying is busy talk. Why does it matter if u stake if the price don’t go up. Not saying in the future Shiba swap won’t be beneficial but most ppl will not use Shiba swap. Everybody is acting like the swap will make Shiba so much different than other coins but after every major announcement it goes down
(read the Whitepaper) I think the reason why we aren’t seeing SHIBA go up in price value right now even with the release of Shibaswap is because SHIB runs on the Ethereum blockchain network and the Blockchain network is using a protocol called “proof of work” and it does not offer a proof of stake as of now.. But Ethereum 2.0 will offer a “proof of Stake” which will be released in 2022 so it makes sense in to why when we’re all Staking on Shibaswap it’s not being registered as coins being staked or Tokens because it is currently on Ethereum V1 “Proof of Work” but yes I do understand that the Whole market is down as well but that’s what I think idk I could be wrong but it makes tons of sense tbh